Frequently Asked Questions

Our calculations take in account your savings balance, preferred rent amount, rent-to-income ratio, debt-to-income ratio and desired home price. 

We want you to be in a position to buy your home when the time is right!

That's awesome!!

Let us know the home details when you apply and we will work on making your home choice work for you

We work with applicatiants whose credit scores are at least 550 

The total annual household income is over $45,000 or three times the actual monthly rent 

Each application is handled on a cae by case basis

Both Chapter 13 and Chapter 7 bankrupties needs to be completed or dismissed with the last 12 months 

Families that really want to live the single family lifestyle today, but cannot qualifiy for a home today, but are willing to work with credit and mortgage pros  to become mortgage when time comes to buy the home

Self employed families and recently relocated families looking to move forward with the single family lifestyle today, but need some time to get mortgage ready

Familes that can apply for a home loan today and get approved, but are not quite reallly to commit to a 30 year home loan today

Our real estate professionals offer competitive all cash offers based on current market conditions and the recent sale of comparable properties in the area

Yes, If you working with a licensed real agent, we'll be glad to talk 

If you do not have a real agent, we can match you with one of our referral agents in your area

All real estate brokers/agent working with us, are our buyer agents 

They earn their full buyer's commissions 

Once we close on the home and make all move in ready preparations, you and your familly should be able to move in the within 28 days of purchse

Our property manager will gladly explain how the procees works

The home must meet the following property criteria: 

Priced between $150,000 and $250,000

Built in 1978 or Later

Minimum of 800 livable square feet 

Single family homes only. (No condos, trailers, modular or manufactured homes)

Must be move in ready or almost move in ready. 

We prefer not to work with "as is" listings 

Cannot have any water, termites, foundation or roof damage

Cannot have an in ground or above ground pool

The home monthly rent rates are set based on local rent rates in the properties location, comparable rent rates and the current condition of the local market 

Yes, you will need your first month's rent along with your security deposit (equal to your first months rent)

In rare cases, you may need your first month's rent along with 2 months security deposit

The property owner is responsible for the taxes, insurance and general maintence 

We encourage you to get renter's insurance for your personal properties

You are respnsible for the lawn care & trash pick up in a timely fashion

If you are living in a Home Owner's Association area 

We pay the HOA fees and you are obligated to abide by all the rules and regualtions 

If you have an issue with any rules or regulations, please contact the property manager immediately 

We will address any issues

You are not permitted to address the HOA about any issues under any circumstances. We are held responsible, not you

If we are penalized for any of the violations, we reserve the right to meet with you and work out the details

If you fail to abide by the rules and the regulations without contacting us, these are grounds for a timely eviction process to begin

Yes, we are pet friendly! 

We do have some restrictions in place and require a pet deposit for each pet you have on the property

Our property manager will review our pet policy with you before we enter into a rental aggrement

If you choose to move forward without buying the home, we understand

You will be held responsible any damages including normal wear and tear

We will use your security deposit to restore the home back into the original move in condition

If the renovation cost does not exceed your security deposit you will receive the difference

If our renovation cost exceed your security deposit, you will held accountable for the excess cost

Generally speaking, we require a 12 month lease perios before we consider selling the home

During the interval you have some time to save more money for the down payment and/or raise your credit score. The higher your credit score the better chances you have of securing a more favorable mortgage and interest rate with your home purchase

When you make a serious offer, we expect an earnest money deposit

Before we accept your offer, we'll discuss how the closing process works (no worries)

If you buy your home within the first 12 months of the lease, you'll pay the buyback price that's 6 greater than the home's original appraised value. 

After 12 months the price slightly increases by 2% every 6 months

*Home Buyers are also responsible for the closing cost when they purchase the home from us

Generally speaking, these closing cost range anywhere from 3% up to 6% of the price of the home

We will discuss all the details before we move forward with your application

You may seek a second appraisal opinion or a different lender for your mortgage

You may request to postpone the buyback process (at our discretion, provided you have a good rent payment history( and allow the home to continue appreciating in value, or cover the difference in cost yourself 

You may also simply walk away from the home 

All the terms and conditions of the signed lease does apply

Upon approval you will need to provide documentations to verify your income and assets For salaried or hourly employees, you will need these docs:

Last year's tax returns 

2 recent bank statements 

2 recent pay stubs 

Last year's W2

For self-employed applicants:

Last year's tax return form 

2 recent bank statements (both business accounts, if applicable)

Year-to-date profit &loss statement 

For applicamts receiving:

Retirement/Social Security/VA/Pension Benefits 

Official documentation or a benefit verification stating how much you will receive each month

Child Support 

The court ordered agreement and proof that you have received for the last six months

No, we are not mortgage lenders at this time

We may be able to refer you to local banks and other mortgage lenders that may be willing to work with you

We will provide your mortgage lender (with your permission) with your payment history while you lived in the home 

Get Ahead of the Crowd!

Together, we will grow our professional services by offering our clients and cusotmers  more options

We love working with other real estate professionals, including real agents, home builders, mortgage lenders and more. If you interested in working with us please, visit the contact page